14-Unit Apartment
For Sale
$749,900
1600 N Lane Street, Pine Bluff, AR 71602
MULTI_FAMILY - Pine Bluff, AR
Property Size3,888 SF
Lot Size0.55 Acres
Price / SF$192.88
Days on Market98
Property Features for 1600 N Lane Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
College Heights
Lot features
Level
Directions
From I-530, take exit 35 towards downtown. Go 1.7 miles to left on Bryant St. Go to Wormack Ave and take a right. Go to Lane st and take a left. Property on the corner of Lane and Wormack
Standard status
Active
Size
3,888 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See attached exhibit A
Tax Annual Amount
1800
Legal Description
See attached exhibit A
Building Details
Year built
1981
Floors in Building
1
Number of units
14
Flooring type
Carpet - Partial, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Danali Real Estate
(501) 223-2737
Listed By:
Jeffrey Johnston
(501) 690-7448
Added: May 15
Changed: Aug 3
Last Checked: Aug 20 at 2:06AM
MLS# 26019820
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 14-unit apartment building on 0.55 acres includes 3,888 square feet under roof. The property was built in 1981 and features a composition roof. Interior finishes include partial carpet and vinyl flooring, with free-standing stoves noted among the appliances.
The address is 1600 N Lane Street in Pine Bluff, AR 71602 (Jefferson County).
The address is 1600 N Lane Street in Pine Bluff, AR 71602 (Jefferson County).
Key Highlights
- 14‑unit apartment building
- 0.55‑acre lot
- 3,888 SF building area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,146
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,920
$462.9K
Cap Rate 7%
$330,657
$330.7K
Cap Rate 9%
$257,178
$257.2K
Market Conditions
NOI Build-Up for 3,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.7K $12.00/SF
− Vacancy
−$4.6K −$1.18/SF
EGI
$42.1K $10.82/SF
− OpEx
−$18.9K −$4.87/SF
NOI
$23.1K $5.95/SF
Area
Jefferson County, AR
Vacancy
9.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,920
Cap Rate 7%
$330,657
Cap Rate 9%
$257,178
Alternative Uses
Best Use
Apartment 5plus
$330.7K
$289.3K – $385.8K
NOI $23,146 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.8K
$872.2K – $1.16M
NOI $69,777 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 71602, AR
16,112
Population
7,489
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
131.0 sq mi
ZIP Area
123
Density / Sq Mi
$54,936
Median Household Income
$35,644
Median Earnings
$900
Median Rent
$135,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit apartment building on a 0.55-acre lot built in 1981 with carpet and vinyl flooring.
Where is this apartment building located?
The property is located at 1600 N Lane Street Pine Bluff, AR.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 14‑unit apartment building; 0.55‑acre lot; 3,888 SF building area
